$V TOP 20
Added 2025-01-12 20:38:53 +0000 UTCThis is certainly something that needs to be paid attention to because $V has not been showing any weakness over the last few months and suddenly the 50 Day MA is lost this week and the price finished below this MA.
So it is moving in sync with the market, any rejection below this level and the 200 Day MA comes into play and this tells us that the market is concerned about consumer spending.
Right now, I would not sell out of a position here but a retest from below of the 50 Day MA and rejecting, then trimming $V in order to add lower towards the 200 Day MA makes sense.
Comments
Appreciate the insight on this one cap!
Giorgio
2025-01-13 04:52:38 +0000 UTC
